Hexagon Composites - Capital/Financing Update 2026

Hexagon Composites ASA: Key information relating to potential subsequent offering

7 May 2026: Reference is made to the stock exchange announcement made by Hexagon

Composites ASA (the "Company") on 7 May 2026 regarding the conditional

allocation of 68,750,000 new shares in the Company in a private placement (the

"Private Placement"), and a potential subsequent repair offering of up to

15,625,000 new shares at the same subscription price as in the Private Placement

(the "Subsequent Offering"). The Subsequent Offering, if carried out, and

subject to applicable securities laws, is expected to be directed towards

existing eligible shareholders in the Company as of 7 May 2026 (as registered

with the VPS two trading days thereafter) who (i) were not included in the pre

-sounding phase of the Private Placement, (ii) were not allocated shares in the

Private Placement and (iii) are not resident in a jurisdiction where such

offering would be unlawful, or would (in jurisdictions other than Norway)

require any prospectus filing, registration or similar action. The Board will

determine detailed eligibility and allocation criteria to be included in a

prospectus for the Subsequent Offering.

The following key information is provided with respect to the Subsequent

Offering:

Date on which the terms and conditions of the Subsequent Offering were

announced: 7 May 2026

Last day including right: 7 May 2026

Ex-date: 8 May 2026

Record date: 11 May 2026

Date of approval: On or about 4 June 2026 (date of annual general meeting)

Maximum number of new shares: 15,625,000

Subscription price: NOK 8.00 per share

Shall the rights be listed: No

Other information: The Subsequent Offering is subject to, among other things,

completion of the Private Placement, publication of a prospectus and the annual

general meeting resolving to authorize the Board to issue new shares in the

Subsequent Offering. Whether or not the Subsequent Offering will ultimately take

place, will depend inter alia on the development of the price of the shares in

the Company after completion of the Private Placement, and the Company reserves

the right in its sole discretion to not conduct or to cancel the Subsequent

Offering.

This information is published in accordance with the requirements of the

Continuing Obligations for Euronext Oslo Børs.

AI assistant